The dollar declined for a fourth straight day


20/03/2017 04:55 | Number of Views: 51

Direction Press / Agencies

The dollar fell for a fourth straight day against a basket of currencies used to measure the magnitude of the widest on Monday in reaction to the meeting of the Group of Twenty summit, which was dominated by the tendency of US President Donald Trump's management toward trade protectionism.



The decline in the dollar since the lifting of the Federal Reserve [Fed] interest rates on Wednesday but stopped short of expectation accelerate the pace of monetary tightening policy over the next two years.



As for the money market, the Group of Twenty meeting was a new opportunity to express their concerns about the global trade relations of the United States and by extension the White House worried the high value of the dollar.



The dollar index fell as much as 0.3 percent in Asian trading and European transactions early and then recovered somewhat to cut losses to 0.1 percent to 100.19.



The dollar was steady against the Japanese currency at 122.74 yen and the euro lost 0.2 percent to $ 1.0761.

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